In 2023, the paper cup market was projected to be worth USD 10.43 billion globally. By 2030, the market is expected to have grown to USD 12.94 billion, with a compound annual growth rate (CAGR) of 3.1%.

In order to provide a wide range of beverages fast, cafes and restaurants frequently use disposable paper cups with custom printing to build their brand and increase sales. The paper cup industry is expanding due to the growing need for disposable food service items in restaurant environments. This data is provided by Fortune Business Insights in their report "Paper Cups Market, 2024–2030."

Information Source:

https://www.fortunebusinessinsights.com/paper-cups-market-105010 

Segments

Demand for Economical Cold Beverage Ware Drove Market Growth

The market is divided into two categories based on type: hot and cold paper cups. The cold segment took the lead in the paper cup market in 2022, mostly because of how lightweight and affordable they are. This suits the needs of customers in the restaurant and hospitality industries who are looking for affordable solutions for cold beverage ware.

Single-Wall Paper Cups To Gain Popularity Due to Environmental Concerns and Cost Efficiency

The market is divided into two categories based on wall types: single wallpaper cups and double wallpaper cups. Paper cups with a single wall are more popular than those with multiple layers since they use less energy and paper. As a result, producers are putting more effort into creating single-layer items in order to capitalize on the expanding market.

QSR's Growth Driven by High Demand for Disposable Beverage Ware

The market is divided into homes, QSR, and other end-user categories. The quick-service restaurants (QSR) market is growing due to the increased demand for printed food service disposables in fast food and QSR settings, which is fueled by the widespread usage of disposable cups in dine-in and takeout food service.

The market has been separated into North America, Europe, Asia Pacific, South America, and the Middle East and Africa based on regional factors.

Highlights of the Report

The extensive market research study provides a complete examination of the industry, paying special attention to important factors like distribution channels, competitive landscape, and well-known product categories. It also provides insightful information on industry advancements and market trends. The research includes a wide range of elements that have led to the market's recent expansion in addition to the ones already mentioned.

Competitive Landscape

Industry Leaders Focus on Sustainable Growth Through Paper Cup Recycling Initiatives

In order to produce environmentally friendly paper cups and cut manufacturing costs, major industry players are giving priority to increasing their paper recycling capabilities. This will improve their business operations. Furthermore, it's becoming more typical for top businesses to work together to establish coordinated programs for recycling paper cups and fostering sustainable market growth.

COVID-19 Impact

Supply Chain Disruptions Dented Market Growth

The COVID-19 pandemic's impact on restaurant closures and supply chain disruptions significantly affected the global consumption of paper-based tableware. However, as quick-service restaurants reopened following the lockdown restrictions, the demand for disposable food service products saw support, and the pandemic also boosted the usage of insulated disposable cups in healthcare establishments, contributing to market growth.

Key Industry Developments:

• December 2022: Stora Enso Oyj and Huhtamäki Oyj jointly implemented 'The Cup Collective' program to recycle approximately half a billion paper cups in Europe, which involved the installation of paper cup collection bins at various public venues, including restaurants and transit bars across Belgium.